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2 Trades MT3 Setups, both against the intermediate trend,
both below 75% ATR
Blue elipses 1=Setup2=Entry3=Exit
Trade 1- Trade entry 15831 Sell bid 07:10
Stop 15841 10 pips
Target 15780
MT3 Setup & entry
Entry candle close below structure low
Woodies in divergance
Failure to close above 15842 weekly high
Trade exit stop hit
PNL N10 PIP LOSS
Trade 2 - Trade entry 15857 08:20 Sell bid
Stop 15869 12 pips
Target 15817
MT3 Setup
Close above then below magenta on 10 min
Woodies from extreme
PNL 12 PIP LOSS
AFTER THOUGHTS
Market continued to trend, did not find a strong level of resistance,
ATR was not reached
Not enough contributing factors to take trade,
wait for strong levels/price/time/ATR/Pivots/Fib levels to line up
What do the circles represent?
ReplyDeleteIf these were entries use the chart marker that you learn to use over last 9 months - as it really does help keep a mental picutre and aenble you to look at your work in the future with ease, stick to a system... in everyway you can -that is the secret - be methodical - systematic - not erratic.... that is the key to a successful attitude and disclipline
This intermediate trend you talk of where is its context? where do get that from?
ReplyDeleteIt is short term on the 10 minute